Morgans Hotel Group to build new $125M hotel in Philadelphia

Morgans Hotel Group of New York plans to construct a $125-million hotel in Center City Philadelphia.

The company is proposing to build a 300-room hotel at 17th and Chancellor streets (between Walnut and Locust Streets) where a parking garage now stands.

The structure was designed by DAS Architects of Philadelphia, and Clemens Construction has been retained to oversee its development.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The hotel will operate under Morgans' Hudson brand. It operates a Hudson hotel in New York and has plans to open another one next year in London. The Philadelphia hotel will have a penthouse floor with a restaurant, as well as two floors of retail space, rooms for special events and meeting facilities.

Construction of the Hudson in Philadelphia is expected to begin next year and be completed by 2016.

Suggested Articles

Chatham Lodging Trust, Park Hotels & Resorts and Summit Hotel Properties recently offered updates on how they are responding to the pandemic.

STR and Tourism Economics project revenue per available room will rise 63.1 percent in 2021.

The company expects the reductions—which include the elimination of 270 positions—will provide approximately $30 million in savings.